1. Lecture 15: Revision Financial Accounting Chapter 10, 11, 12, 13, 14,15, 17

2. Chapter 12 • Describe the characteristics of intangible assets. • Identify the costs to include in the initial valuation of intangible assets. • Explain the procedure for amortizing intangible assets. • Describe the types of intangible assets. • Explain the accounting issues for recording goodwill. • Explain the accounting issues related to intangible asset impairments. • Identify the conceptual issues related to research and development costs. • Describe the accounting for research and development and similar costs. • Indicate the presentation of intangible assets and related items.

3. Chapter 13: CL, Provision and Contingency • Describe the nature, type, and valuation of current liabilities. • Explain the classification issues of short-term debt expected to be refinanced. • Explain the accounting for different types of provisions. • Identify the criteria used to account for and disclose contingent liabilities and assets. • Indicate how to present and analyze liability-related information.

4. Chapter 14 • Describe the formal procedures associated with issuing long-term debt. • Identify various types of bond issues. • Describe the accounting valuation for bonds at date of issuance. • Apply the methods of bond discount and premium amortization.. • Describe the accounting for the extinguishment of non-current liabilities. •   Indicate how to present and analyze non-current liabilities.

5. Chapter 15: Equity • Discuss the characteristics of the corporate form of organization. • Identify the key components of equity. • Explain the accounting procedures for issuing shares. • Describe the accounting for treasury shares. • Explain the accounting for and reporting of preference shares. • Describe the policies used in distributing dividends. • Identify the various forms of dividend distributions. • Explain the accounting for share dividends and share splits. • Indicate how to present and analyze equity. • Explain the different types of preference share dividends.

6. Chapter 17: Investment • Describe the accounting framework for financial assets. • Understand the accounting for debt investments at amortized cost. • Understand the accounting for debt investments at fair value. • Describe the accounting for the fair value option. • Understand the accounting for equity investments at fair value. • Explain the equity method of accounting and compare it to the fair value method for equity investments.

7. Chapter 11: PPE • accounting issues related to asset impairment. •  accounting for revaluations.

8. Final Exam Format • 20 MCQ: 1 Mark each • 5 Short answer (80 marks) in which: • Bonds: • Investment • Equity • Intangible • Provision or PPE